All Forum Posts by: Kamil Baldyga

Hey Kimberly! So I personally don't think there is a bubble in the real estate market. In fact, most predictions show that prices will continue to increase throughout 2022. That being said, its difficult to predict the market and its a bad idea to try and do so. I would say don't focus on how much properties have increased in price. Even if a property now costs 50K more but still gets you your desired ROI/cashflow...who cares? I say this because a lot of investors get tied up with how much properties used to cost, that they forget the fundamentals and just never end pulling the trigger. Hope this helps, let me know if you have any questions!

Hey Chris, so I would say that most of my properties adhere to the 1% "rule". The few that don't, I bought with a VA loan and with so little money down they still achieve a great ROI.

Hey Jack! You may already know all of this but I thought I would throw it out there just in case. Real Estate is a 90 day business. Essentially meaning that any time of work you put in, be it in lead generation, submitting offers, etc, you won't see the fruits of those labors until about 90 days out. The reason I bring that up is because if you really focus during your part time agent work to build up your lead flow and database, you should theoretically be able to make the switch to full time in about 90 days. That's my two cents, I hope it helps in some way, let me know if you have any questions!

Hey Imani, awesome to hear you're getting into the world of Real Estate investing! My team has a group of awesome investor specialist agents in that area and we host an investor meet up once a month. Let me know if you need any help, have questions, or want to know more about the meet ups!

@Marvell Dart Yes, we typically recommend that our investor clients check out Alotta Properties or Nest here in Fayetteville.

Hey Marvell! Not sure if it meets all of your criteria but I highly recommend checking out the Fayetteville, NC market. Great market for a strong ROI and a large population of renters due to military and health care personnel. Let me know if you want any more details, hope this helps!

I like it!

Hey Joshua! So I'm not certain if it is legal or not, but either way it just seems like a bad practice to advertise before you close on it. Technically, you don't own the property yet, so you would be advertising to provide a service with someone else's asset. On top of that, should something happen where you are no longer able to close on the property, you would then have potential tenants to deal with. Overall, wouldn't recommend publicly advertising. It would be different if you were going to house hack and just mentioned by word of mouth to people you're looking for roommates soon. Hope this helps!

Hey Sean! That is definitely an option. I would recommend checking if your bank, or any other bank, will allow you to do a HELOC or do cross collateralization on the equity in your home first. That way you can maintain that equity in your home but continue to leverage it for other properties.

I would say it all depends on what you want. If your focus is investing, will the numbers on the property still work after the refi? What is your intent with the money you pull out of the refinance? Would that money be better sitting in that property or is there a higher and better use for it elsewhere?